What is settlement schedule item in SAP ICM - Incentive and Commission Management (ICM)?

SAP Term: settlement schedule item

• Component: ICM

• Component Name: Incentive and Commission Management (ICM)

• Description: Incentive and Commission Management That part of the remuneration entitlement or disbursement amount that is disbursed on the basis of the scheduling rule.

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• Key Concepts: 
  Settlement schedule item is a component of the ICM Incentive and Commission Management (ICM) module. It is used to define the payment terms for a commission plan. It includes details such as the payment frequency, payment amount, and payment date. 
  
  How to use it: 
  The settlement schedule item is used to define the payment terms for a commission plan. It can be used to set up a recurring payment schedule or a one-time payment. The details of the settlement schedule item can be configured in the ICM module. 
  
  Tips & Tricks: 
  When setting up a settlement schedule item, it is important to ensure that all of the details are accurate and up-to-date. This will ensure that payments are made on time and in the correct amount. 
  
  Related Information: 
  The settlement schedule item is part of the ICM Incentive and Commission Management module. Other components of this module include commission plans, commission groups, and commission rules.